Lagardere (LGDDF.PK) may be looking to sell its 7.41% stake in EADS (EADSY.PK) as soon as 2013,...

|By:, SA News Editor

Lagardere (LGDDF.PK) may be looking to sell its 7.41% stake in EADS (EADSY.PK) as soon as 2013, if certain conditions are met. The company hasn't detailed what these conditions are, but Lagardere CEO Arnaud Lagardere has repeatedly said it plans to sell the stake it still owns as part of a strategy to exit from the companies it doesn't control. In the past, the company has said it would be willing to sell when the jet maker's A350 commercial airplane, which is currently in development, was ready.